New Issue: Citi prices $500,000 0% upturn securities tied to Nasdaq, S&P

By Kiku Steinfeld

Chicago, April 28 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% upturn securities due Dec. 29, 2027 linked to the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index gains, the payout at maturity will be par plus 154% of the gain of the lesser performing index.

Investors will be exposed to any losses of the lesser performing index.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Upturn securities
Underlying indexes:	Nasdaq-100, S&P 500
Amount:	$500,000
Maturity:	Dec. 29, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 154% of gain of lesser performing index; 1% loss per 1% decline of lesser performing index
Initial levels:	10,985.45 for Nasdaq, 3,844.82 for S&P
Pricing date:	Dec. 23, 2022
Settlement date:	Dec. 29, 2022
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.25%
Cusip:	17330YXN5

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